Sharechat Logo

'Invest offshore'

By Graeme Kennedy

Friday 21st March 2003

Text too small?
UK-based Bankers Investment Trust fund manager Alex Crooke has been in New Zealand advising institutional investors now is the right time to invest offshore.

Bankers, a subsidiary of Henderson Global Investors which has £110 billion in funds, manages £330 million, including 5% from New Zealand where it is NZSE-listed at about $6 ­ down from a 2000 peak of $13.

But Mr Crooke said with a dividend yield of 3.5% in a bear market, it was one of the best-performing funds available.

"Now is an interesting time to invest overseas. A strong kiwi dollar can buy more assets and there are many opportunities emerging such as China where western companies are outsourcing their manufacturing facilities, rather than produce at home in Europe or the US, as it is much cheaper there.

"And in Europe, where expectations are so low with the economic downturn and the Iraq situation that the market has become fixated with doom and gloom, stocks are cheap but include many basically good, large and strong companies with opportunities to grow.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

NZ dollar headed for 1.3% weekly gain on expectations of a Fed rate cut
RBNZ knock-back gives Resolution chance to low-ball AMP - Jarden
Rail hubs may not boost Napier Port log trade
O'Connor looks to overhaul Biosecurity Act, improve animal tracing
Denton Morrell undefended at liquidation hearing
Contact steam to heat Norske Skog pellet business secured
Air NZ to amend booking engine after lawyer’s complaint
Ross McEwan to take helm at NAB
KPMG says bank capital proposals will wreck havoc on dairy farmers
Mild weather saps Vector's June-qtr volumes

IRG See IRG research reports